Cielo - 13.8% Increase in Financial Volume and Net Income of R$817 Million in 3Q14

BARUERI, Brazil, Oct. 28, 2014 /PRNewswire/ -- Cielo S.A. (BM&FBOVESPA: CIEL3 / OTCQX: CIOXY) announces today its results for the third quarter of 2014. The Company's consolidated financial statements are presented in accordance with the International Financial Reporting Standards (IFRS) issued by the International Accounting Standards Board (IASB) and in accordance with the accounting practices adopted in Brazil.

3Q14 HIGHLIGHTS

• Transaction financial volume totaled R$128.8 billion, up 13.8% year-on-year, or R$15.6 billion; and increase of 2.7% compared to 2Q14, or R$3.4 billion;
• Net Operating Revenue of R$1.9 billion, up 11.6% or R$200.9 million year-on-year and increase of 5.3% or R$97.7 million quarter-on-quarter;
• Net revenue from Prepayment of Receivables* totaled R$239.9 million, up 63.5% or R$93.2 million year-on-year and 10.0% or R$21.8 million quarter-on-quarter;
• Prepayment of Receivables reached 17.7%, over the financial volume of credit, up 1.2 p.p. year-on-year and down 0.2 p.p. quarter-on-quarter;
• EBITDA of R$957.3 million, up 2.9% or R$27.1 million year-on-year and increase of 0.2% or R$1.8 million quarter-on-quarter;
• EBITDA margin at 49.4%, down 4.1 p.p. year-on-year and 2.5 p.p. quarter-on-quarter;
• Cielo's net income totaled R$817.4 million, up 18.5% or R$127.9 million year-on-year and increase of 2.6% or R$20.6 million quarter-on-quarter;
• Cielo's net income margin at 42.2%, up 2.4 p.p. year-on-year and down 1.1 p.p. quarter-on-quarter;
• By 4^th consecutive time Cielo reaches 1^st place in the Financial Services category in the ranking "As Melhores da Dinheiro" (The Best from Dinheiro), IstoE Dinheiro magazine.
• 1^st place in the category Specilized Services in the ranking Valor 1000, Valor Economico newspaper – Awarded for 7^th time;
• Elected among the The Best Companies of the Year and 1^st place in the Financial Services category in yearbook prize of Epoca 360º, Epoca Negocios magazine - Awarded for 3^rd consecutive time;
• 17^th Most Valuable Brand in the ranking "Ranking BrandZ", from Millward Brown in conjunction with WPP;
• Cielo is elected "The Best Company in Latin America" in 2014, Institutional Investor magazine. Best Executive Team, by both buy side and sell side;
• Cielo is among the 100 Best Companies in the award "Agencia Destaque Empresas" (Corporate Outstanding Agency) from Agencia Estado;
• Cielo is among the "Greatest Places to Work" and the 1^st place in the category Banks and Financial Services, Voce SA magazine;
• Financial Services company that creates more value in the ranking "Mais Valor Produzido" (More Value Created), Consumidor Moderno magazine;

Click on the link below to open the earnings release:

http://cielo.riweb.com.br/ShowResultado.aspx?IdResultado=uQejz899ALd8LhMltH5weA==&linguagem=en#

3Q14 Earnings Conference Call
October 29, 2014

ENGLISH 
10:00 a.m. (New York) | 12:00 p.m. (Brasilia)
Phone.: + 1 786 924-6977
              [phone]
Code: Cielo

PORTUGUESE 
08:30 a.m. (NY) 10:30 a.m. (Brasilia)
Phone.: [phone]
              [phone]
Code: Cielo

Investor Relations Director
Roberta Noronha
[e-mail]
[phone]

SOURCE Cielo S.A.

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